Bank of Canada Holds 2.25% as Oil Complicates Rate Cut Outlook
The bank assumes crude falls to $75 by mid-2027 and warned that higher fuel costs are lifting inflation.
Central Banking
Fed Holds Rates Steady as Powell’s Board Stay Complicates Trump’s Plan
Powell said he will stay on as a Fed governor after his chair term ends, blocking Trump from immediately filling his board seat.
Fed Holds Rates at 3.5% to 3.75% as Four Officials Dissent
Jerome Powell said he plans to stay on the Fed’s Board after his chair term ends in mid-May, pending the building-renovation probe.
Bank of Canada Warns Oil Prices Could Force Rate Hikes as Inflation Jumps
The Bank of Canada held its policy rate at 2.25% for a fourth straight meeting.
Fed holds rates at 3.5%-3.75% as 4 officials dissent, most since 1992
Four officials dissented, the most at a Fed meeting since October 1992, as the central bank held its benchmark rate at 3.5 percent to 3.75 percent.
Fed holds rates at 3.5%-3.75% with 4 dissents, the biggest split since 1992
Powell said he will stay on as a Fed governor after his chair term ends May 15.
Bank of Japan plans new inflation gauge after subsidies cool core CPI
The BOJ plans a new price indicator by summer to filter out subsidy effects, as officials weigh imported inflation risks from oil and the yen against a softer headline CPI.